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Lew Rockwell: The Evil 1%

October 22, 2011

“The “occupy” protest movement is thriving off the claim that the 99% are being exploited by the 1%, and there is truth in what they say. But they have the identities of the groups wrong. They imagine that it is the 1% of highest wealth holders who are the problem. In fact, that 1% includes some of the smartest, most innovative people in the country – the people who invent, market, and distribute material blessings to the whole population. They also own the capital that sustains productivity and growth.

But there is another 1% out there, those who do live parasitically off the population and exploit the 99%. Moreover, there is a long intellectual tradition, dating back to the late middle ages that draws attention to the strange reality that a tiny minority lives off the productive labor of the overwhelming majority.

I’m speaking of the State, which even today is made up of a tiny sliver of the population, but is the direct cause of all the impoverishing wars, inflation, taxes, regimentation, and social conflict. This 1% is the direct cause of the violence, the censorship, the unemployment, and vast amounts of poverty, too.”

The one thing I would add to what he says is that, due to the corruption of our present form of ‘governance’ (rule by criminal banking thugs), there is a huge correlation between being connected with the system, and being rich. But it’s true that some people who are rich, even today, got where they are fair and square. A minority, admittedly. It’s not inherently evil to be rich, it’s a question of how you got there and, usually, who you screwed over on the way. I oppose any forced redistribution of wealth except where that wealth was provably gained by force and fraud, such as the amount of land held by the monarchy in this country (held ever since the Norman conquerors stole it 900 years ago), that could be of much greater use if distributed as homestead land as an alternative to the current welfare system.

Real Occupiers speak:

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